CorpRaider

sounding a little like a gold bug there...

wow. I caught the caroline's clips. Thanks! I would pay Jerry Seinfeld show rates to get a whole set of that stuff.

So...I should stop buying the muni closed end funds? 10% tax equivalent yield is hard to pass up.

I would buy that. I would buy the deluxe cheesy man-love edition.

I caught it. He's the best.

OK, if we give away citizenship to 11MM illegal immigrants, then who would pay $500k for an investor's visa? Simply come across the Southern border and stay here and then get your citizenship virtually for free? What kind of precedent is this setting? I am all for immigration, LEGAL immigration. If we want to allow 1, 10, 100, 1,000 or 1,000,000 Mexican nationals (or any other group) than that is fine, have the discussion and do it in orderly fashion. Screen who is coming in and set some rules. If law abiding Mexicans, Colombians, Canadians, Indians, Chinese, Vietnamese, Australians, English etc. wish to come here that is fine. Follow the rules and come legally. How are people going to feel that follow the rules? They are suckers, they have a distinct disadvantage playing by the rules. As to people who think this is a terrible idea, maybe we should just have totally open borders? Anybody who can get here is granted citizenship? Why even have border checkpoints? Why should some people have to take a civics test to become a citizen and others don't? Why have laws on the books and not follow them? Nothing possibly could go wrong! Seems like a lot of money, but probably alot less than is being spent on bases in Korea and Japan, when Taiwan purportedly has plenty of firepower to defeat anyone in the region in a conventional war. What is the Kia or Hyundai SUVs to M1 abrams exchange rate?

I don't know what you guys are talking about. As long as America has Canadian comedians, British TV shows, Belgian assault rifles, and German tank parts, we will remain the dominant force in the universe! Heh.

Anyone starting to sniff around the (copper) miners? I'm in no rush but am starting to gently tap the tires on RIO and SCCO. Can't touch FCX anymore because I believe CEO used it as his personal piggy bank to bail out distressed E&P co's..

Will do. Thanks. If they could just stop the bleeding in nook segment the thing is trading at about a 2x EV/E ratio. I would feel a higher level of conviction with an activist leader who is ousting the management with extreme prejudice. Even if paper book consumption slowly declines over the next 30 years, that's a ton of cash between now and then and they also sell other yuppie/intelligentsia focused goods, such as lattes.

Soon it might get cheap enough to be interesting and management might be rational enough to let someone else handle the nook...

I'm hoping to open a position in Markel as well. I was hoping some chop in earnings with the Alterra integration would provide an opportunity, but I suppose a potential panic about Chinese credit might work just as well!

How can one not love this guy?

I would point out that the expense ratio on the FNSAX (the select version) is lower than the FVVAX one with 500-1000 securities (presumably due to lower transaction costs). Also, the MOAT expenses were higher than the .50% but were rebated back due to a cap that expires in 2014.

"You can't predict. You can plan." - Howard Marks Or more likely we just like to worry, it makes us feel good.

TCBY? Oh, flashback. Sorry.

Farm land and sheep, lots of sheep...

Is it just me or is the entire middle east on the verge of sectarian regional war?

My only comment, which is probably painfully obvious to all, is that the size of the bond purchases by the Federal Reserve are pretty miniscule in comparison to the size of that market.

Re Oxy: Yeah not as long-time as I would like, my CB is just below $80. I'm probably going to hit it pretty hard if it drifts down in that area again on lack of news flow this summer. I'm sure you've seen the valuations out there including the BofA one pegging break-up value @ ~$160 per share. they are really singing for those fees. hah! I pulled the trigger on it once it looked like Irani would lose the power struggle because 1) Chazen is older and slated to exit after 2014 no matter what; 2) he has a deal maker background. I need to look at Hess and would happly benefit from any insights you care to share via PM. I briefly looked at it, maybe a year ago, but I didn't think the activists would be able to do anything because of the family ownership. I can see how it would be preferable to OXY because of the retail and midstream assets of which OXY has very little to none and it seems like they've got the obvious template in the Marathon transaction.

DEMBF (Sold almost half today) HSH SD OXY SHLD ARCC GPT FNSAX Other ~ 30% cash and growing I think I'm going to add some MKL and/or L during the next big sell-off.

nm

Lots of paper. I'm buying some Plum Creek! haha.

How much longer until they can implant or stimulate growth of real teeth? HBIO grew and implanted several new trachea for pete's sakes.

The Lifetime Member award is worth much more to young people. I see a whole new generation of Cialis type commercials with young board members discussing Buffett in side by side bathtubs while looking at the sunset. On second thought, that's a fairly disturbing image. Hah!

neat! Thanks for sharing. I love this site and feel so fortunate to have found it!